W G PARTNERSHIP LLP
W G PARTNERSHIP LLP
Company No:
W G PARTNERSHIP LLP
Unaudited Financial Statements
For the financial year ended 31 May 2023
Pages for filing with the registrar
For the financial year ended 31 May 2023
Pages for filing with the registrar
Unaudited Financial Statements
Contents
LIMITED LIABILITY PARTNERSHIP INFORMATION
LIMITED LIABILITY PARTNERSHIP INFORMATION (continued)
DESIGNATED MEMBERS | Graham Keith Huggins |
Wendy Huggins |
REGISTERED OFFICE | C/O Praxis |
1 | |
Poultry | |
London | |
EC2R 8EJ | |
England | |
United Kingdom |
REGISTERED NUMBER | OC314612 (England and Wales) |
CHARTERED ACCOUNTANTS | Praxis |
1 Poultry | |
London | |
EC2R 8EJ | |
United Kingdom |
BALANCE SHEET
BALANCE SHEET (continued)
2023 | 2022 | |||
£ | £ | |||
Current assets | ||||
Debtors | 4 |
|
|
|
Cash at bank and in hand |
|
|
||
525 | 27,190 | |||
Creditors: amounts falling due within one year | 5 | (
|
(
|
|
Net current (liabilities)/assets | (2,209) | 24,662 | ||
Total assets less current liabilities | (2,209) | 24,662 | ||
Net (liabilities)/assets attributable to members | (
|
|
||
Represented by | ||||
Loans and other debts due to members within one year | ||||
Other amounts | 33,284 | 33,953 | ||
33,284 | 33,953 | |||
Members' other interests | ||||
Other reserves | (35,493) | (9,291) | ||
(35,493) | (9,291) | |||
(2,209) | 24,662 | |||
Total members' interests | ||||
Loans and other debts due to members | 33,284 | 33,953 | ||
Members' other interests | (35,493) | (9,291) | ||
(2,209) | 24,662 |
Members' responsibilities:
-
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006, as applied by The Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, with respect to accounting records and the preparation of financial statements; and -
These financial statements have been prepared and delivered in accordance with the provisions applicable to Limited Liability Partnerships subject to the small Limited Liability Partnerships regime and a copy of the Profit and Loss Account has not been delivered.
The financial statements of W G Partnership LLP (registered number:
Graham Keith Huggins
Designated member |
NOTES TO THE FINANCIAL STATEMENTS
NOTES TO THE FINANCIAL STATEMENTS
1. Accounting policies
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
General information and basis of accounting
W G Partnership LLP is a limited liability partnership, incorporated in the United Kingdom under the Limited Liability Partnerships Act 2000 and is registered in England and Wales. The address of the LLP's registered office is C/O Praxis, 1, Poultry, London, EC2R 8EJ, England, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Limited Liability Partnerships Act 2000 as applicable to companies subject to the small companies regime and the requirements of the Statement of Recommended Practice Accounting by Limited Liability Partnerships issued in December 2021 (SORP 2022).
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Going concern
The members have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The members have a reasonable expectation that the LLP has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Tangible fixed assets
Plant and machinery etc. |
|
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Trade and other debtors
Cash and cash equivalents
Trade and other creditors
2. Employees
2023 | 2022 | ||
Number | Number | ||
Monthly average number of persons employed by the LLP during the year |
|
|
3. Tangible assets
Plant and machinery etc. | Total | ||
£ | £ | ||
Cost | |||
At 01 June 2022 |
|
|
|
At 31 May 2023 |
|
|
|
Accumulated depreciation | |||
At 01 June 2022 |
|
|
|
At 31 May 2023 |
|
|
|
Net book value | |||
At 31 May 2023 |
|
|
|
At 31 May 2022 |
|
|
4. Debtors
2023 | 2022 | ||
£ | £ | ||
Other debtors |
|
|
5. Creditors: amounts falling due within one year
2023 | 2022 | ||
£ | £ | ||
Trade creditors |
|
|
|
Other taxation and social security |
|
|
|
Other creditors |
|
|
|
|
|
6. Financial commitments
The LLP had no material commitments at the year ended 31 May 2023.
7. Events after the Balance Sheet date